Bitcoin’s (CRYPTO: BTC) V-shaped recovery has surprised traders, but according to a prominent analyst, the $106,800 resistance level, a barrier BTC has failed to overcome for nearly seven months, remains the line in the sand.
What Happened: Crypto analyst Kevin believes Bitcoin’s recent rebound has caught traders off guard, but warns the cryptocurrency faces a make-or-break moment at this level, which has repeatedly rejected Bitcoin’s attempts to establish higher ground throughout 2025.
In the latest update in his exclusive Patreon group, Kevin noted that despite a sharp 5.5% rebound from local lows, he’s seeing mixed signals.
“The …